Exporting community positive to touch $125bln target this fiscal

New Delhi, Dec 17 (UNI) The Indian exporting community is optimistic of meeting the export target of 125 billion dollars in the current fiscal, a study conducted amongst 270 companies revealed.

The survey said about 85 per cent of respondents agreed of meeting stabilisation in export growth.

The responses received in the survey show that the high export growth rates of the last few months are likely to be maintained in the next few months with a low probability of surprises on the upside.

As regards expectations for the next six months, 58 per cent of the firms feel that industry level export conditions would improve further, the survey based on export growth for the second quarer conducted by Ficci said.

Regarding the export performance at the firm level, 68 per cent of the respondents feel that the next six months should see their export levels improving further.

Nearly 48 per cent of the survey respondents reported that the current overall export conditions are 'moderately to substantially'' better as compared to the last six months.

Further, nearly 54 per cent of the respondents have opined that they expect the overall export conditions to improve in the coming six months.

About three months back a high of 70 per cent of the exporters were positive about further improvements in the near term overall export conditions.

While 44 per cent of the companies reported that the current export conditions at the industry level are 'moderately to substantially' better than the last six months, this figure jumps to 55 per cent in the case of current export conditions at the firm level.

Further, the Ficci survey results show that in the next six months Indian exports are likely to witness good growth in the markets of South East Asia, the US, SAARC countries, West Asia and the European Union.

The turnover of the companies that participated in the survey ranged from one crore rupees to Rs 20,000 crore and the companies represent sectors like automobiles, consumer durables, food processing, FMCG, textiles, Handicrafts, metal and metal products, heavy engineering, pharmaceuticals and chemicals.

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